Photo of John Pawlowski For single-family rentals, “the near-term operating outlook is favorable in absolute terms and relative to many other property types,” writes Pawlowski.

NEWPORT BEACH, CA—The single-family rental sector, a newly institutionalized property type, is less well known and more fragmented than other sectors. The vast majority of single-family rentals are owned by small investors and mom-and-pop operators, while the publicly traded REITs only own ~1% of all single-family rental homes in the U.S.